Virtus Artificial Intelligence & Technology Opportunities Fund Announces Monthly Dividend of $0.15 (NYSE:AIO)

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.15 per share on Tuesday, January 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.66%. The ex-dividend date of this dividend is Thursday, January 11th.

Virtus Artificial Intelligence & Technology Opportunities Fund has raised its dividend payment by an average of 174.9% per year over the last three years.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of NYSE:AIO traded up $0.11 during midday trading on Monday, reaching $16.88. The company’s stock had a trading volume of 140,305 shares, compared to its average volume of 103,857. The business’s fifty day simple moving average is $16.53 and its 200-day simple moving average is $17.36. Virtus Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $15.09 and a fifty-two week high of $19.08.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of AIO. LPL Financial LLC lifted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 5.2% during the 3rd quarter. LPL Financial LLC now owns 50,967 shares of the company’s stock valued at $841,000 after purchasing an additional 2,527 shares during the period. Atria Wealth Solutions Inc. bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the first quarter valued at approximately $648,000. Lido Advisors LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 1st quarter worth $501,000. Advisor Group Holdings Inc. raised its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 18.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 27,566 shares of the company’s stock valued at $446,000 after acquiring an additional 4,199 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 10.6% in the 1st quarter. Moors & Cabot Inc. now owns 19,323 shares of the company’s stock valued at $422,000 after purchasing an additional 1,855 shares during the period.

About Virtus Artificial Intelligence & Technology Opportunities Fund

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.